Over the past several years, Upland has built a national presence and a property website attracting thousands of investors nationwide each month. Michael Houge and his team at Upland have closed more than $450 million in 1031 Exchange properties, says Duane Lund, managing partner of Geneva.

According to Michael Houge, principal of Upland Real Estate Group, several billion dollars trade hands each year utilizing the 1031 Exchange technique. Meanwhile, Lund and his team have completed more than $1 billion of tax deferred real estate transactions, and that experience should "provide a strong level of comfort to our individual TIC investors," Houge says.

The TIC transaction stems from traditional tax deferred exchanges that allow real estate investors to exchange into a percentage interest ownership (up to 35 individual owners) of a "like-kind" asset. Each unit holder will receive a pro rata share of the properties net income, tax shelters/benefits and property appreciation.